Fundamental analysis · SEC EDGAR · as of 30/06/2026

Fundamental analysis of Super Micro Computer, Inc.

SMCI · Nasdaq · Technology

Fundamental quality

REASONABLE

70

out of 100

Super Micro Computer, Inc. earns a fundamental-quality score of 70 out of 100, profiling it as a company of reasonable quality. Its score rests mainly on its growth (revenue +61.5%/yr). Its weakest area is its profitability (net margin 5.7%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Super Micro Computer assembles the AI fever's servers: machines stuffed with Nvidia chips and liquid cooling, built in Silicon Valley at a speed nobody matches. Its stock rode a historic roller coaster: from AI darling to accounting-questioned, and back again.

What will shape its future

  • AI server spending, the giant wave it captures its share of.
  • Thin margins and fierce competition (Dell, HPE) for the same Nvidia chip.
  • Its governance and accounting, the history the market never fully forgets.

Breakdown by area

I.Growth
95

EPS growth: 82% · Revenue growth: 61.5%

II.Profitability
51

Net margin: 5.7% · ROE: 15.4% · ROIC: 20.1%

III.Financial health
64

Net debt/EBITDA: -1.23x · FCF: -17.8%

Source: SEC EDGAR · as of 30/06/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.

Versus its sector

Percentile against the other 100 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 26%
ROEbeats 45%
Growthbeats 97%
Cash generationbeats 3%
Less debtbeats 90%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Super Micro Computer, Inc. strengths

  • Growing earnings per share (82% annualized).
  • Revenue growing strongly (61.5% annualized).
  • Revenue rising without interruption since 2021.
  • Net cash position: more cash than debt.

Super Micro Computer, Inc. risks and weaknesses

  • Negative free cash flow: the business burns cash.
  • Erratic free cash flow, with several years in the red.

Super Micro Computer, Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
20213,55711265-134
20225,196285-486329
20237,123640627-150
202414,9891,153-2,610-1,193
202521,9721,0491,532-5,057
202639,0632,230-6,972-3,465

Between 2021 and 2026, revenue went from $3,557M to $39,063M (+998%) and net income went from $112M to $2,230M (+1894%). Meanwhile, its margins have widened (from 3% to 6%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score6670
  • Net margin3.7%5.7%
  • ROE16.5%15.4%
  • FCF margin-20.3%-17.8%
  • Revenue growth49.5%61.5%
  • Net debt/EBITDA1.81×-1.23×

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

This company doesn't pay a dividend: it reinvests all its earnings back into the business.

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Is Super Micro Computer, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Super Micro Computer, Inc. a good company to invest in?

In terms of business quality, Super Micro Computer, Inc. scores 70 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Super Micro Computer, Inc. a profitable company?

Super Micro Computer, Inc. is profitable, with a net margin of 5.7%, though a thin one.

Does Super Micro Computer, Inc. have a lot of debt?

No. Super Micro Computer, Inc. has a net cash position: more cash than debt.

Is Super Micro Computer, Inc. growing?

Its revenue has grown 61.5% annualized in recent years and its earnings per share 82%, and without interruption since 2021.

Does Super Micro Computer, Inc. generate cash?

Over the last twelve months its free cash flow was negative.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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